The Food and Drug Administration (FDA) recently released a set of revisions to four food safety rulemakings it had previously proposed over the past two years.
Regulators returned to regulating this week, imposing $218 million in annualized costs, compared to $80 million in benefits, and more than 800,000 paperwork burden hours. A final Securities and Exchange Commission (SEC) rule on Statistical Rating Organizations and an energy conservation proposal for air conditioners led the week.
The Department of Energy (DOE) has published yet another round of efficiency standards. This set focuses on “packaged terminal air conditioners (PTACs) and packaged terminal heat pumps (PTHPs).” The products in question are moderately sized temperature control units generally found in a hotel or hospital room.
It was yet another slow week for federal regulatory activity. Regulators added only $5.9 million in annualized costs, $1.5 million in benefits, and 351,000 paperwork burden hours. The Comptroller of the Currency finalized the most notable rulemaking, standards for large banks, insured savings institutions, and insured federal branches.
After last week’s $2 billion in regulatory costs, it was a slow week for federal rules, as regulators only published four regulations with quantified burdens. In total, costs nudged upward by $6 million and paperwork burdens increased by 356 hours.
Based on the American Action Forum’s (AAF) analysis of all final rules issued in FY 2013 that quantified costs (310) and benefits (18), annualized costs were $7.2 billion.
The Comcast-Time Warner Cable (TWC) deal will strike the tenor for technology mergers in the coming years, so it is important the regulators understand its impact on consumers and the competitive environment. Technology policy’s fundamental question again takes center: should we regulate beforehand, deterring all potential positive benefits, or regulate when there is actual consumer harm? All combined, the deal is clearly in the public interest and should be allowed.
This week regulators published $164.7 million in total regulatory costs; there were $45 million in annualized burdens, compared to $32 million in benefits, and 191,000 paperwork hours. An oil pollution proposal and a poultry inspection final rule led the week.
Today, after a delay of nearly three months, EPA published its final “Cooling Water Intake Structures” rule in the Federal Register. The rule is designed to protect aquatic wildlife from impingement (trapped against screens) and entrainment (caught inside cooling water systems).
This week regulators added more than $7.4 billion in total costs, $376 million in annualized costs, and $33 million in benefits. In addition, despite a significant deregulatory proposal, rulemakings still added close to 600,000 paperwork burden hours.